1126 Prince Street,  Alexandria VA, 22314

(Active)
$1,050,000
|
2 beds, 2 Full baths, 960 sqft
|
MLS# VAAX240666
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Last Updated: 10/18/2019 11:05 PM
Description for 1126 Prince Street Alexandria, VA 22314
Great property with lots of potential Located in the heart of Old Town, this property is currently divided into 2 units. They are currently rented for $1,300.00 and $1,350.00 per month. The leases are month to month. Options for the property: 1. Keep the property rented for now and hold for long term investment. 2. Build a new single family home. We have drawings completed to tear down the existing house and build a four level single family home. The plans will need to be updated for code changes. The VAR has previously approved the demolition of existing house and construction of new home but the approval has expired so the VAR will have to approve again. Divide the unit into condos. We already have the drawings completed for this. The legal work still needs to be completed. My attorney has started the process but has not completed it yet.
Price
$1,050,000
Old Town
ALEXANDRIA CITY
2
2 Full
960 (approx)
VAAX240666
Active
Description
Great property with lots of potential Located in the heart of Old Town, this property is currently divided into 2 units. They are currently rented for $1,300.00 and $1,350.00 per month. The leases are month to month. Options for the property: 1. Keep the property rented for now and hold for long term investment. 2. Build a new single family home. We have drawings completed to tear down the existing house and build a four level single family home. The plans will need to be updated for code changes. The VAR has previously approved the demolition of existing house and construction of new home but the approval has expired so the VAR will have to approve again. Divide the unit into condos. We already have the drawings completed for this. The legal work still needs to be completed. My attorney has started the process but has not completed it yet.
Listing Information
Property Type: Single Family, Other
2 2 Full
0 0.04 Acres 960 (approx)
$1,093.75 1830 Wood Siding, Mason
Old Town
Public Water Service
Public Sewer
Neighborhood
School Information
District: Alexandria City Public Schools
T.C. WILLIAMS
Room Information
Bathrooms
2
Interior Features
960 Sq. Ft. Above Ground
Electric, Heat Pump
Gas Heat, Electric Heating, Heat Pump, Forced Air
Exterior / Lot Features
Wood
RM
Driving Directions
From king Street take Fayette Ave south, turn left on Prince Street, house is on left
Financial Considerations
$5,584
2018
Listing Price History

Alexandria Real Estate

Alexandria is located in Virginia. Alexandria, Virginia 22314 has a population of 156,795.

The median household income in Alexandria, Virginia 22314 is $104,374. The median household income for the surrounding county is $79,443 compared to the national median of $49,877. The median age of people living in Alexandria 22314 is 39 years.

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Courtesy: Proplocate Realty, LLC
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